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Project S costs $13,000 and its expected cash flows would be $7,000 per year for 5 years. Mutually exclusive Project L costs $49,000 and its
Project S costs $13,000 and its expected cash flows would be $7,000 per year for 5 years. Mutually exclusive Project L costs $49,000 and its expected cash flows would be $7,600 per year for 5 years. If both projects have a WACC of 15%, which project would you recommend? Select the correct answer. O a. Both Projects S and L, since both projects have IRR's > 0. O b. Project S, since the NPVS > NPVL. O c. Project L, since the NPVL > NPVS. O d. Both Projects S and L, since both projects have NPV's > 0. O e. Neither Project Snor L, since each project's NPV
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